Properties

Description

LOOKING FOR A PROPERTY THAT CHECKS THE "LOCATION VISIBILITY, AND INCOME POTENTIAL" BOXES ALL AT ONCE? THIS MIXED-USE BUILDING ON BUSTLING ELIZABETH AVE IN ELIZABETH, NJ IS EXACTLY THAT. WITH TWO STOREFRONTS ON THE FIRST FLOOR AND TWO APARTMENTS UPSTAIRS, IT'S A FLEXIBLE INVESTMENT THAT PUTS YOU RIGHT IN THE CENTER OF NONSTOP FOOT AND VEHICLE TRAFFIC. YES, THE BUILDING NEED SOME TLC, BUT THE BIG-TICKET ITEMS ARE ALREADY HANDLED NEWER ROOF, NEARLY NEW WATER HEATERS. SEPARATE UTILITIES (WITH THE EXCEPTION OF THE HEAT BETWEEN THE STORES) THAT MEANS YOU CAN FOCUS ON THE UPDATES THAT BOOST VALUE INSTEAD OF THE COSTLY REPAIRS NO ONE LIKES TO TALK ABOUT. ON THE FIRST FLOOR, YOU'LL FIND HIGH-VISIBILITY COMMERCIAL SPACES PERFECT FOR RETAIL, SERVICE BUSINESSES, OR FUTURE TENANTS WITH BIG IDEAS. UPSTAIRS ARE TWO RESIDENTIAL UNITS, BOTH ON MONTH TO MONTH LEASES, GIVING INVESTORS THE FLEXIBILITY TO RAISE RENTS, RENOVATE, OR REPOSITION BASED ON THEIR STRATEGY. IF YOU'RE AN INVESTOR LOOKING FOR A PROPERTY WITH STRONG UPSIDE, GREAT EXPOSURE, AND BUILT-IN INCOME FROM DAY ONE-THIS IS THE OPPORTUNITY. REPAIRS DONE BTW 2022-2024 HEATING, WATER HEATERS, ROOFS, ELECTRICAL CIRCUITS, AND OTHER COSMETICS REPAIRS.

Features

  • Heating System : See Remarks
  • Cooling System : Window A/c(s)
  • Basement : Unfinished, Walkout
  • Roof Deck : Flat
  • Parking Description: On-Street Parking, See Remarks
  • Exterior Features: Patio
  • Tax Assessed Valuation: 832700
  • Sewer: Public Sewer
  • Water: Public Water

Appliances

  • Utilities: See Remarks

Additional Info

  • Office Name: RE/MAX NEW MILLENNIUM GROUP
  • Office MLS ID: 2102
  • Agent ID: 311696
  • Tax: 16570
  • Tax Year: 2024
  • Application Fee: $0

Multi-Family For Sale

For Sale
$850,000

1131 Pt1133Elizabeth Av, Elizabeth City, *

  • SQFT 35.69 Acre
  • Bedroom 6
  • Built Year 9999

Details

  • Property Type: Multi-Family
  • Listing Type: For Sale
  • Listing ID: 5400218
  • Price: $850,000
  • Bedrooms: 6
  • Bathrooms: 0
  • Half Bathrooms: 0
  • Square Footage: 0 Sqft
  • Year Built: 9999
  • Year Built Description: Renovated
  • Lot Area: 35.69 Acre
  • Status: Active
  • Days On Market: 16

Contact Agent

Sky Realty & Associates

Map

Address Map

  • Country US
  • County Union
  • City Elizabeth City
  • Zipcode *
  • Street: Pt1133Elizabeth Av
  • Street Number: 1131
  • Street Direction: BROAD STREET TO ELIZABETH AVE ONE BLOCK FROM COURT
  • Floor Number: 0
  • Longitude: W75° 47' 14.1''
  • Latitude: N40° 39' 44.3''
  • Internet Display Address: No
Property